Equity Bank and Confederation of Indian Industries Launch India-Uganda Trade Mission
The India-Uganda Trade Mission is a pivotal step in enhancing bilateral trade and investment opportunities between Uganda and India. Key sectors such as healthcare, IT, agriculture, and renewable energy will be explored for potential growth and collaboration. The trade mission aligns with Equity Group’s Africa Recovery and Resilience Plan, which focuses on key sectors to accelerate economic growth and promote resilience across the continent.
Equity Bank, in partnership with the Confederation of Indian Industries (CII), has officially launched the India-Uganda Trade Mission in Kampala. This two-day event, from October 22nd to 23rd, aims to strengthen bilateral trade between the two nations through a series of business-to-business meetings, panel discussions, and networking opportunities.
The trade mission focuses on key sectors such as health, information technology, agriculture, energy, roads and transport, tourism, real estate, and defense. By fostering new partnerships, increasing investment, and enhancing trade cooperation, the mission seeks to drive technological innovations, investment flows, and sustainable growth in both countries.
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Anthony Kituuka, Managing Director of Equity Bank Uganda, expressed his delight in hosting the event and highlighted Equity Bank's commitment to promoting socio-economic prosperity in Africa. He emphasized the importance of networking, business opportunities, and market intelligence in driving growth and success in the region.
The India-Uganda Trade Mission aligns with Equity Group's "Africa Resilience and Recovery Plan" (ARRP), which aims to accelerate the continent's recovery by targeting sectors that will drive economic growth and foster resilience. Through ARRP, Equity Group has allocated $65 billion to support and empower the private sector in developing and expanding their operations across East Africa.
The Indian High Commissioner to Uganda, Upender Singh Rawat, emphasized the tremendous opportunity for both countries to harness their combined strengths and create lasting economic impact through the trade mission.
India is one of Uganda's top trade partners, and the mission will build on this foundation by identifying new areas for collaboration. Ugandan businesses will have the opportunity to tap into Indian markets, while Indian investors can explore Uganda's growing opportunities.
